📌 Updated June 13, 2026
MMAT / MMTLP / TRCH
Meta Materials Inc. Chapter 7 Bankruptcy
The next key dates are now on the board.
Most important:
🚨 June 16 — 9:30 AM PT
Remote Zoom hearing regarding DTCC subpoena compliance and protective order administration.
This does not mean the Court has ruled against DTCC yet.
It means the Trustee successfully got the issue placed on an expedited schedule after raising concerns about outstanding production and time-sensitive discovery.
The focus remains the data.
And the clock is still ticking.
#MMTLP #MMAT #TRCH #DTCC #FINRA
MMTLP 3.5 years of obstruction by FINRA, the SEC, and regulators on MMTLP.
FOIA data proves it: While the SEC grants full/partial responses on 14.6% of overall requests, MMTLP requests have been granted at just 0.039% (vs all SEC FOIAs) or 0.76% when measured against MMTLP requests only. A massive disparity.
Then on June 8 the SEC touts new data transparency rules under the FDTA to help investors access information.
The hypocrisy is glaring. Retail shareholders were harmed by the U3 halt and now face systemic non-compliance and stonewalling. We are validated victims of regulatory failure. Release the records #MMTLP
@SECPaulSAtkins@HesterPeirce@JDVance@DOGE_DOJ
📣📣DTCC HAS NOT PRODUCED SUBPOENAED RECORDS 🤔
The DTCC has failed to produce the records that have been subpoenaed in the MMAT MMTLP Bankruptcy case.
WHY❓️
DTCC is the system that is where the bodies are.
The Trustee is well aware that they hold very important records for her investigation.
Is the DTCC trying to run the statute of limitations clock out to hide the crime 🤔
The ONLY FRAUDS here is Anson. Classic fraudulent report to drive a stock lower. Their dinosaur financial system bosses reek of desperation and they ate their own down draft as the stock closed higher at the close.
Must really be difficult to know you’re a strove for a dying breed of financial frauds.
The SEC is useless. But facts are coming clearly into focus. And people like @georgepalikaras are ending the charade of naked shorting….aka THEFT.
MMAT MMTLP TRCH
🚨WHY DOESN’T THE TRUSTEE PURSUE A MOTION TO COMPEL?🤔
⚠️ Not legal advice - for discussion purposes.
A motion to compel usually works best when:
•The court knows exactly what is missing.
•The producing party (DTCC) has had a chance to explain why it hasn’t produced it.
•The judge understands any technical, confidentiality, or protective-order issues.
•The moving party can show a clear record of efforts to resolve the dispute.
The Trustee is essentially telling Judge Spraker:
“We’ve been working on this for over a year, exchanged 40+ emails, production is still incomplete, we’re running into statute-of-limitations concerns, and we need the Court involved now.”
Then she specifically states one of her goals is:
“…set a schedule and parameters for any motion to compel, if necessary.”
⸻
The filing identifies three objectives:
1️⃣ Force DTCC to explain itself
The Trustee wants:
“concrete information from DTCC about a date by which it will produce the Correspondent Clearing Data”
In plain English:
“Tell us exactly when we’re getting the data.”
⸻
2️⃣ Resolve Protective Order Problems
The Trustee specifically references:
“ECF No. 2601”
which is the protective-order framework.
That suggests there may still be disagreements regarding:
confidentiality designations
who can view data
how it can be stored
how it can be used in litigation
A status conference is often faster than filing a lengthy compel motion when the dispute may be procedural rather than outright refusal. ⬅️
⸻
3️⃣ Prepare for a Motion to Compel
The filing expressly says:
“set a schedule and parameters for any motion to compel, if necessary”
That tells me the Trustee has not yet concluded DTCC is refusing outright.
Instead:
Current Position
Production incomplete ✔️
Delays occurring ✔️
Missing data identified ✔️
Court intervention needed ✔️
But
Not yet at “DTCC has definitively refused to comply.”
⸻
Why This Might Be Strategically Better
If the Trustee files a motion to compel today, DTCC could respond:
“We’re still producing.”
“We’re working through confidentiality issues.”
“The Trustee never asked the Court for assistance before filing.”
By requesting a status conference first, the Trustee creates a record showing:
cooperation
patience
multiple follow-ups
attempts to resolve informally
urgency because of limitations concerns
That record makes a later motion to compel much stronger.
⸻
⏰⏰⏰⏰⏰⏰⏰⏰⏰⏰⏰⏰⏰⏰
This paragraph is probably the biggest headline:
“Continued delay in DTCC’s production of the Correspondent Clearing Data risks prejudice to the estate, including exposure to statutes-of-limitations constraints on potential litigation…”
That is unusually direct. 🎯
The Trustee is essentially telling Judge Spraker:
🚨 “I may have claims to investigate, but I need this DTCC data before limitations periods become a problem.”
That is stronger language than we’ve seen in many prior filings. 👀
⸻
This filing may signal:
Near-Term
The Trustee wants Judge Spraker to quickly get DTCC and the Trustee’s team in front of him and explain:
What has been produced?
What remains outstanding?
Why is it outstanding?
When will it be produced?
Next Step
If DTCC cannot provide satisfactory answers or a firm production schedule, then a formal Motion to Compel becomes much more likely.
In other words:
📌 This filing looks less like an alternative to a motion to compel and more like the Trustee positioning herself to file one with maximum leverage if DTCC still doesn’t deliver. 💥
Not legal advice — just an interpretation of the docket and bankruptcy procedure. ⚖️📄
🔥 MMAT Update – June 11, 2026
📄 Docket Nos. 2863, 2864, 2865 & 2866
What happened?
Trustee Christina Lovato filed a series of motions asking Judge Spraker to schedule an expedited status conference regarding DTCC’s subpoena compliance and production delays.
⸻
🎯 The Main Issue
The Trustee says DTCC still has not fully produced certain subpoenaed records, particularly transaction-level Correspondent Clearing Data that has been requested since 2025.
According to Trustee counsel David Burnett:
“That data is very important to our analysis.”
In simple terms, this appears to be data that could help identify who was actually involved in specific trades, not just trading totals.
⸻
⏰ Why The Rush?
This is the biggest takeaway.
The Trustee specifically warned the Court that continued delays could impact potential claims because of statute-of-limitations deadlines.
Burnett also stated:
“Statute of limitations deadlines make DTCC’s immediate production … very time-sensitive.”
🚨 That’s strong language coming directly from Trustee counsel.
⸻
📬 What’s Next?
At this point:
✅ DTCC has not filed a Motion to Quash
✅ Trustee has not filed a Motion to Compel
✅ Trustee wants Judge Spraker to step in and hold a focused conference to address DTCC’s outstanding production and determine next steps.
⸻
👀 What Stands Out
The repeated focus on:
🔹 Correspondent Clearing Data
🔹 Transaction-level records
🔹 Time-sensitive discovery
🔹 Statute-of-limitations concerns
suggests the Trustee believes this remaining DTCC data is important to the ongoing investigation.
📌 Bottom Line: The investigation appears very much alive, DTCC remains an active discovery target, and the Trustee is pushing for answers sooner rather than later.
⚖️ Not Legal Advice • For Discussion & Entertainment Purposes Only ⚖️
https://t.co/4N7vgqGBS3
https://t.co/XEoa0CuDNr
https://t.co/JK04WzlxRq
On the same day MMTLP was halted, Gary Gensler received and internally circulated a direct appeal from a senior financial-industry executive seeking favorable regulatory treatment for a major crypto transaction.
This does not prove a connection to MMTLP.
But it does prove SEC leadership was actively accessible to industry insiders during the exact period retail investors were locked out and left without answers.
Meanwhile, MMTLP shareholders have spent the last 3.5 years fighting for basic transparency, accountability, and recognition of what happened to their positions.
Industry had direct access.
WE got silence.
After reporting on #MMTLP my knowledge base expanded on more criminal activities that yet other agencies - the SEC and FINRA - have committed against we the people. As an investor myself, I am furious. As a patriot that recognize we are not operating a constitutional republic, I am furious. Time to expose it all!
MMTLP NBH MMAT #SECfraud#FOIAdenials#FINRAfraud
HOT OFF THE PRESS! - Really?
The SEC’s new Joint Data Standards rule quietly confirms what MMTLP investors already knew:
• Regulators lacked interoperable data
• Agencies weren’t aligned
• Machine‑readable oversight didn’t exist
• Investors had no access to consistent info
This rule is a fix — but also an admission. MMTLP happened in a system built before transparency.
Okay. Now what? The World is round? You still have a problem with MMTLP!
@annvandersteel@cvpayne@SECPaulSAtkins@TheRobbCarter
https://t.co/jm7Wag5jQZ
#MMTLP MMAT discovery in process...
@FINRA FRAUD about to be revealed on a massive scale. June 9th is coming fast..
Certain Wall Street groups are feeling quite nervous huh
🔥🔥🔥🔥🔥🔥 @CGasparino?
#GME#AMC DJT GNS
🚨 NEW SEC FOIA RESPONSE 🚨
FOIA 26-00651-FOIA
This one matters.
This FOIA requested records showing communications/referrals between SEC Corporation Finance and SEC Trading & Markets regarding Next Bridge Hydrocarbons’ S-1 activity.
The response shows something important:
Once FIF entered the discussion, the tone and substance appear to shift.
Before FIF:
SEC / NBH S-1 communications were largely about registration mechanics, eligibility, disclosure, and process.
After FIF steps in:
The discussion turns to operational market-structure concerns:
• shares on loan
• lending broker-dealers unable to recover shares
• customer protections under SEC Rule 15c3-3
• IRA/tax consequences
• transfer-agent capacity
• whether shareholders should be forced out of bank/broker/nominee holding
One FIF point is especially hard to ignore:
“Because of the prior FINRA trading halt, there are shares on loan that lending broker-dealers cannot recover.”
That is not retail speculation.
That is an industry group raising operational concerns to the SEC about the Next Bridge S-1 process.
And FIF’s recommendation?
Do not force participating customers out of bank, broker-dealer, or nominee custody — because preserving that structure would allow for “future reconciliation of outstanding stock loans.”
Read that again.
Future reconciliation of outstanding stock loans.
This FOIA does not prove every theory.
But it does prove the S-1 issue was not just routine paperwork.
It involved broker-held shares, loaned shares, customer protections, transfer mechanics, and reconciliation concerns.
That is exactly why MMTLP shareholders have been asking questions for years.
#MMTLP #MMAT #NextBridge #FOIA #SEC #FINRA
You once asked me how you can help, @pulte.
Looks like you’re in the perfect position to help drain the Wall Street swamp.
65,000 $MMTLP shareholders have relentlessly asked for congressional help in obtaining a share-count in the #MMTLPfiasco.
@SECGov and @FINRA have failed miserably at protecting or aiding shareholders and publicly traded companies in this battle for what’s right.
If nothing else, these regulatory bodies have weaponized the system that is suppose to protect investors.
You can’t sell homes you don’t own. The same should be true in our stock markets…
Looking forward to working with you, sir!
$MMTLP #MMTLParmy $MMAT @nbhydrocarbons
@mmtlpwarrior1@MikeQfishing@nbhydrocarbons I stand by McCabe… was initially here for the O&G play, but willing to sell if the shares went high enough.
If there’s a scenario where we get anything near what the initial PCO event hinted at, I’m all in, but I’ll take a successful company under McCabe as well.
Thank you Greg McCabe! #MMTLP
Tremendous dedication and perseverance to reach this milestone!!
Thank you to everyone else who lifted a little bit with letters, phone calls, posts, etc; each day, EVERY SINGLE DAY, to keep the pressure on @SECGOV for over 3 years!!